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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (72579)	3/21/2023 12:23:19 AM
From: Elroy	1 Recommendation Recommended By E_K_S Read Replies (2) \| Respond to of 78705

Add TSEM to your list, it's a foundry being acquired by Intel. Only obstacle is .... Chinese approval. This decision should come before MXL-SIMO. I think Intel is buying TSEM for $53 cash (maybe $51 cash??) if they get the Chinese OK. TSEM closed at $40 Friday. The Chinese decision could come any day now.

To: Paul Senior who wrote (72579)	3/21/2023 9:47:27 AM
From: Grommit	1 Recommendation Recommended By Spekulatius Respond to of 78705

I think you are more into arbitrage than hedging here. You have 2 prices available, the market price and the buyout offer. Maybe you have shown the market to be more efficient than you thought. no free lunch. good that you are keeping score for yourself. value investing is kind of arbitrage also -- we are smarter than the market and we know what our companies are worth. are just waiting for mkt prices to reflect the underlying value of the companies. >> The calculation of the relative value at the same time, at two or more places, of stocks, bonds, or funds of any sort...

To: Paul Senior who wrote (72579)	3/21/2023 2:39:46 PM
From: Paul Senior	Respond to of 78705

Takeover (MGI). I take a chance and up my position. Takeover still ongoing - more than a year now. Presumably/supposedly to be completed 1Q this year (said last Dec.) Maybe now 1H. (?) DALLAS, Dec. 21, 2022 /PRNewswire/ -- MoneyGram International, Inc. (NASDAQ: MGI) (the "Company"), a global leader in the evolution of digital P2P payments, today provided an update on its previously announced agreement to be acquired by funds affiliated with Madison Dearborn Partners, LLC ("MDP"), which was approved with over 99% of shareholder votes cast in favor of the merger in May of this year. Over the past few months, the Company and MDP have made significant progress toward completing the closing conditions to the merger and expect to complete the transaction early in the first quarter of 2023. Stock dropping now to $10.30 for $11 buyout. $.7/$10.30 = .068 So close to 7% in a few months - IF deal goes through.

To: Paul Senior who wrote (72579)	4/25/2023 12:26:28 PM
From: E_K_S	Read Replies (1) \| Respond to of 78705

Re: KSS starting a small position in this retailer. For me it is their company owned real estate. Will add to my position every 4% lower w/ 4-5 Buys next 6 months as I build my position. CEO recently bought a bunch of shares last quarter. They pay a 8/6% div while you wait. I truly expect some type of real estate sale and/or lease back deal, maybe more store w/i store concepts or even an outside the box converting one or more properties to multi-use. They have to find a long term strategy that allows (1) for single digit or more growth, (2) exploit the value in their company owned real estate and (3) try new concepts/strategy as all the old ones (over last 7 years) just have not worked. FWIW, BARD is no help. He still says they value proposition is in their retail footprint and make no mention of all their company owned real estate unless asked.

To: Paul Senior who wrote (72579)	4/25/2023 1:18:00 PM
From: Madharry	Respond to of 78705

anyone have any thoughts on Morgan Stanley? I did a real SOTP analysis based on what i thought their Private Wealth/AUM business was worth and it was pretty close to the market valuation of the company. without taking into account debt which is substantial. This may go in the too hard pile for me. If I read the conference call transcript correctly they said that 25% of wealthy investors portfolio was cash abd cash equivalent up from the normal 18%, Goldman Sachs resumed coverage of REITS they had one notable sell Macerich. I continue to hold my shares and collect the dividend. Meanwhile Sternlicht had no problem raising $10 billion for a new real estate fund. I wonder if this fund will start making offers for beaten down REITS,